NORDIC AMERICAN TANKERS LTD (NAT) Stock Fundamental Analysis
NYSE:NAT - BMG657731060 - Common Stock
3.11 USD
+0.1 (+3.32%)
3.11 USD
0 (0%)
Overall NAT gets a fundamental rating of 4 out of 10. We evaluated NAT against 210 industry peers in the Oil, Gas & Consumable Fuels industry. NAT has an average financial health and profitability rating. NAT has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year NAT was profitable.
NAT had a positive operating cash flow in the past year.
NAT had positive earnings in 4 of the past 5 years.
NAT had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
NAT has a Return On Assets of 4.18%. This is comparable to the rest of the industry: NAT outperforms 56.73% of its industry peers.
NAT has a Return On Equity of 7.24%. This is comparable to the rest of the industry: NAT outperforms 50.00% of its industry peers.
NAT has a Return On Invested Capital of 5.71%. This is comparable to the rest of the industry: NAT outperforms 50.48% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NAT is significantly below the industry average of 23.42%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.18% | ||
| ROE | 7.24% | ||
| ROIC | 5.71% |
ROA(3y)6.22%
ROA(5y)0.73%
ROE(3y)10.1%
ROE(5y)0.85%
ROIC(3y)8.03%
ROIC(5y)N/A
1.3 Margins
The Profit Margin of NAT (11.07%) is comparable to the rest of the industry.
NAT has a Operating Margin (16.91%) which is comparable to the rest of the industry.
NAT's Operating Margin has improved in the last couple of years.
The Gross Margin of NAT (42.39%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of NAT has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.91% | ||
| PM (TTM) | 11.07% | ||
| GM | 42.39% |
OM growth 3YN/A
OM growth 5Y16.99%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y6.11%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NAT is destroying value.
The number of shares outstanding for NAT has been increased compared to 1 year ago.
Compared to 5 years ago, NAT has more shares outstanding
Compared to 1 year ago, NAT has an improved debt to assets ratio.
2.2 Solvency
NAT has a debt to FCF ratio of 3.93. This is a good value and a sign of high solvency as NAT would need 3.93 years to pay back of all of its debts.
NAT's Debt to FCF ratio of 3.93 is fine compared to the rest of the industry. NAT outperforms 72.12% of its industry peers.
A Debt/Equity ratio of 0.53 indicates that NAT is somewhat dependend on debt financing.
NAT has a Debt to Equity ratio of 0.53. This is comparable to the rest of the industry: NAT outperforms 46.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | 3.93 | ||
| Altman-Z | N/A |
ROIC/WACC0.56
WACC10.13%
2.3 Liquidity
NAT has a Current Ratio of 1.54. This is a normal value and indicates that NAT is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.54, NAT is in the better half of the industry, outperforming 67.79% of the companies in the same industry.
NAT has a Quick Ratio of 1.34. This is a normal value and indicates that NAT is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Quick ratio value of 1.34, NAT is doing good in the industry, outperforming 67.79% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.54 | ||
| Quick Ratio | 1.34 |
3. Growth
3.1 Past
The earnings per share for NAT have decreased strongly by -59.38% in the last year.
The Revenue for NAT has decreased by -10.42% in the past year. This is quite bad
The Revenue has been growing slightly by 1.97% on average over the past years.
EPS 1Y (TTM)-59.38%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-128.57%
Revenue 1Y (TTM)-10.42%
Revenue growth 3Y22.32%
Revenue growth 5Y1.97%
Sales Q2Q%-37.36%
3.2 Future
The Earnings Per Share is expected to grow by 6.08% on average over the next years.
The Revenue is expected to grow by 1.25% on average over the next years.
EPS Next Y26.82%
EPS Next 2Y25.07%
EPS Next 3Y6.08%
EPS Next 5YN/A
Revenue Next Year13.91%
Revenue Next 2Y9.92%
Revenue Next 3Y1.25%
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
NAT is valuated rather expensively with a Price/Earnings ratio of 23.92.
Compared to the rest of the industry, the Price/Earnings ratio of NAT is on the same level as its industry peers.
When comparing the Price/Earnings ratio of NAT to the average of the S&P500 Index (27.08), we can say NAT is valued inline with the index average.
A Price/Forward Earnings ratio of 9.04 indicates a reasonable valuation of NAT.
Based on the Price/Forward Earnings ratio, NAT is valued a bit cheaper than the industry average as 75.48% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 22.72. NAT is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.92 | ||
| Fwd PE | 9.04 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NAT is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of NAT indicates a rather cheap valuation: NAT is cheaper than 84.62% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.6 | ||
| EV/EBITDA | 8.04 |
4.3 Compensation for Growth
NAT's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.89
PEG (5Y)N/A
EPS Next 2Y25.07%
EPS Next 3Y6.08%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 8.97%, NAT is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.11, NAT pays a better dividend. On top of this NAT pays more dividend than 87.98% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.35, NAT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.97% |
5.2 History
On average, the dividend of NAT grows each year by 33.35%, which is quite nice.
NAT has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)33.35%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
NAT pays out 264.15% of its income as dividend. This is not a sustainable payout ratio.
The dividend of NAT is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP264.15%
EPS Next 2Y25.07%
EPS Next 3Y6.08%
3.11
+0.1 (+3.32%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners40.48%
Inst Owner Change-1.34%
Ins Owners4.34%
Ins Owner ChangeN/A
Market Cap658.54M
Analysts75.56
Price Target3.57 (14.79%)
Short Float %6.74%
Short Ratio6.46
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.97% |
Yearly Dividend0.42
Dividend Growth(5Y)33.35%
DP264.15%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-121.2%
Min EPS beat(2)-170.15%
Max EPS beat(2)-72.24%
EPS beat(4)1
Avg EPS beat(4)-60.46%
Min EPS beat(4)-170.15%
Max EPS beat(4)1.55%
EPS beat(8)1
Avg EPS beat(8)-41.46%
EPS beat(12)3
Avg EPS beat(12)-26.13%
EPS beat(16)3
Avg EPS beat(16)-22.56%
Revenue beat(2)0
Avg Revenue beat(2)-20.6%
Min Revenue beat(2)-30.58%
Max Revenue beat(2)-10.61%
Revenue beat(4)1
Avg Revenue beat(4)-10.27%
Min Revenue beat(4)-30.58%
Max Revenue beat(4)1.11%
Revenue beat(8)3
Avg Revenue beat(8)-9.54%
Revenue beat(12)5
Avg Revenue beat(12)9.91%
Revenue beat(16)6
Avg Revenue beat(16)20.65%
PT rev (1m)0%
PT rev (3m)-17.45%
EPS NQ rev (1m)0%
EPS NQ rev (3m)16.56%
EPS NY rev (1m)-1.07%
EPS NY rev (3m)-6.91%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.62%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.92 | ||
| Fwd PE | 9.04 | ||
| P/S | 2.01 | ||
| P/FCF | 7.6 | ||
| P/OCF | 7.37 | ||
| P/B | 1.32 | ||
| P/tB | 1.32 | ||
| EV/EBITDA | 8.04 |
EPS(TTM)0.13
EY4.18%
EPS(NY)0.34
Fwd EY11.07%
FCF(TTM)0.41
FCFY13.15%
OCF(TTM)0.42
OCFY13.56%
SpS1.54
BVpS2.36
TBVpS2.36
PEG (NY)0.89
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.18% | ||
| ROE | 7.24% | ||
| ROCE | 7.22% | ||
| ROIC | 5.71% | ||
| ROICexc | 6.6% | ||
| ROICexgc | 6.6% | ||
| OM | 16.91% | ||
| PM (TTM) | 11.07% | ||
| GM | 42.39% | ||
| FCFM | 26.47% |
ROA(3y)6.22%
ROA(5y)0.73%
ROE(3y)10.1%
ROE(5y)0.85%
ROIC(3y)8.03%
ROIC(5y)N/A
ROICexc(3y)8.44%
ROICexc(5y)N/A
ROICexgc(3y)8.44%
ROICexgc(5y)N/A
ROCE(3y)10.17%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y25.4%
ROICexc growth 3YN/A
ROICexc growth 5Y25.4%
OM growth 3YN/A
OM growth 5Y16.99%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y6.11%
F-Score4
Asset Turnover0.38
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | 3.93 | ||
| Debt/EBITDA | 2.37 | ||
| Cap/Depr | 4.83% | ||
| Cap/Sales | 0.83% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 80.12% | ||
| Profit Quality | 239.04% | ||
| Current Ratio | 1.54 | ||
| Quick Ratio | 1.34 | ||
| Altman-Z | N/A |
F-Score4
WACC10.13%
ROIC/WACC0.56
Cap/Depr(3y)52.71%
Cap/Depr(5y)35.03%
Cap/Sales(3y)7.02%
Cap/Sales(5y)5.08%
Profit Quality(3y)153.87%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-59.38%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-128.57%
EPS Next Y26.82%
EPS Next 2Y25.07%
EPS Next 3Y6.08%
EPS Next 5YN/A
Revenue 1Y (TTM)-10.42%
Revenue growth 3Y22.32%
Revenue growth 5Y1.97%
Sales Q2Q%-37.36%
Revenue Next Year13.91%
Revenue Next 2Y9.92%
Revenue Next 3Y1.25%
Revenue Next 5YN/A
EBIT growth 1Y-42.47%
EBIT growth 3YN/A
EBIT growth 5Y19.29%
EBIT Next Year67.93%
EBIT Next 3Y19.12%
EBIT Next 5YN/A
FCF growth 1Y10.18%
FCF growth 3YN/A
FCF growth 5Y27.27%
OCF growth 1Y6.57%
OCF growth 3YN/A
OCF growth 5Y26.16%